Road Transport and Highways Minister Nitin Gadkari on Tuesday said that the Hybrid Annuity Model (HAM) for completion of highway construction can be made flexible and market-driven.
What did Nitin Gadkari say about contractors
At present, under the HAM model, the government provides 40 percent of the project cost to the developer to start work, while the rest of the investment has to be made by the developer. Gadkari said at a program here that I believe that infrastructure should be developed by contractors only.
"Even if the contractor is ready to invest more than 60 percent of the project cost under the HAM model, why should the government always pay 40 percent? It is necessary to complete the construction of the highway and these proposals should be market-driven. - Nitin Gadkari"
What did he say about increasing toll collection?
Gadkari also said that the total toll collection in the country will increase by at least Rs 10,000 crore when electronic toll collection based on the Global Navigation Satellite System (GNSS) is implemented.
The total toll collection in India was projected to grow 35 percent year-on-year to reach Rs 64,809.86 crore in FY 2023-24. Gadkari also suggested that state transport buses should be exempted from paying tolls on highways.
P Chidambaram on Pahalgam: When there was a ruckus over the statement, Chidambaram started clarifying, he had made a controversial comment on the Pahalgam attack
Senior Congress leader P Chidambaram came under fire from the BJP for his statement on the terrorist attack in Pahalgam. Actually, during an interview, Chidambaram talked about the Pahalgam attack.
PBKS vs MI: 'It's not what we wanted...', Hardik Pandya's heart broke after being out of top-2; blamed these people for the defeat
After the 7-wicket defeat to Punjab Kings, Mumbai Indians captain Hardik Pandya spoke openly about his team's performance in the post-match presentation. He vented his anger on his players, giving the
'No state can stop the implementation of a law passed by Parliament', Kiren Rijiju targeted CM Mamata.
Union Minister Kiren Rijiju on Tuesday targeted Bengal Chief Minister Mamata Banerjee for refusing to implement the Waqf Amendment Act and said that under the federal structure, no state can stop the
NISAR: What is NISAR, a joint satellite mission of ISRO and NASA? Know what the benefits will be.
The Indian Space Research Organization (ISRO) is going to launch a satellite on Wednesday evening. This satellite is special in many ways. It took about a decade and a half to build this satellite,
Marathi Row: 'If a poor person speaks Hindi, he is beaten up, no one cares about Javed Akhtar and Aamir Khan...', Nitesh Rane on Marathi controversy
The case of assault on a food stall owner in Mumbai for not speaking Marathi has heated the politics across the state. In such a situation, now Nitesh Rane, a minister in the Fadnavis government, has
Mehul Choksi: Mehul Choksi was trying to escape to Switzerland, but the fugitive was defeated by the strategy of ED-CBI
After the arrest of fugitive diamond merchant Mehul Choksi in Belgium, another big disclosure has come to light. The arrest of Mehul wanted in India, is the result of more than seven years of hard
Mumbai RA Studio: A man held children hostage in a studio in Powai, released a video threatening to set it on fire.
A shocking incident came to light on Thursday at Ra Studio in Powai, Mumbai. A man held 15 to 20 children hostage inside the studio. It is reported that this man works at the studio. Media reports
OP Chautala: Chautala wanted to form a third front in national politics, and due to this reason this dream remained unfulfilled
INLD supremo Om Prakash Chautala wanted to form a third front in national politics. Chautala, along with his turbaned brother former Punjab Chief Minister Prakash Singh Badal, and close friends Bihar
Salman Khan: Salman received a grand welcome in Jamnagar, hugged the Ambani family's elder daughter-in-law Shloka
On his birthday this year, Salman Khan was spotted arriving in Jamnagar amid tight security for the celebrations. Khan was joined by his family and friends in the city to join the celebrations on his
Maharashtra Polls: PM Modi will raise the election temperature by holding nine rallies in a week; Public meetings in Nashik-Dhule today
The election fever is rising with each passing day for the Maharashtra assembly elections. Leaders of every party are continuously organizing election meetings and rallies in different assembly
